MakisSwingTrader

Monday, April 9, 2012

SPX

If SPX gets to 1367 and makes a bounce to close above 1372, then expect a bounce higher on Wednesday.

I was expecting a huge drop today based on the comments I made on Tuesday and Wednesday. But what I failed to realize that the European markets were going to close today. This of course stalled my expected "massive" drop. Note that I don't consider today's drop massive. Just a big down day (compared to recent price action) but not a huge or massive day by any means. We'll see what tomorrow brings.

SPX-DAILY LINE

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Friday, April 6, 2012

SPX WEEKEND EDITION

SPX-WEEKLY

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY LINE

SPX-DAILY I

SPX-DAILY II

SPX-DAILY III

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Wednesday, April 4, 2012

SPX (we could see a MASSIVE drop over the weekend)

Avoid holding bullish (long) positions over the weekend. Though aggressive, I will recommend loading up on bearish (short) positions over the weekend.
This is an aggressive move. So take it as you may but that is what I plan on doing. We could see a MASSIVE sell-off over the weekend.
U.S market close on Friday.

SPX-DAILY LINE

SPX-DAILY I

SPX-DAILY II

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Tuesday, April 3, 2012

UKX (FTSE) & SPX

Avoid holding bullish (long/Call) positions going into the weekend. I will also recommend loading up on bearish (short/Put) positions during that time because of a potential massive drop going into Monday.
Just heads up as this information is not important at the moment. Will address this again tomorrow since it will be my last post before the weekend post as the U.S market will the close on Friday for a 3-day weekend.

UKX(FTSE)-quick play